Multi-Unit Auto Shop
For Sale
Contact for pricing
874 Davis Drive Southeast, Conyers, GA 30094
Two industrial buildings contain six service units serving automotive body, repair, and related service operations.
Property Size9,000 SF
Lot Size1.64 Acres
Price / SF$102.78
Days on Market9
Property Features for 874 Davis Drive Southeast
General Information
Standard status
Active
Size
9,000 SF
Lot size
1.64 Acres
Property subtype
Retail, Industrial
Zoning
M-1 Industrial
Occupancy
100%
Additional Details
Gross Income
$72,000
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Ackerman & Co
Listed By:
Allen Farr · License #GA 378618
Source:
Crexi
Added: Sep 3
Changed: Sep 11
Last Checked: Sep 11 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ackerman & Co
Investment Insights
Based on property information with market context.
Located at 874 Davis Drive Southeast in Conyers, Georgia, this automotive-oriented property includes approximately 9,000 SF across two industrial buildings. One building measures approximately 5,000 SF and the other approximately 4,000 SF, with six industrial/service units configured for automotive body, repair, and service uses.
The property occupies 1.64 acres and is 100% occupied by four local tenants. Tenancies are structured under short-term modified gross leases, offering lease rollover flexibility for future re-tenanting, lease restructuring, or an owner-user plan. The site is zoned M-1 Industrial.
The property occupies 1.64 acres and is 100% occupied by four local tenants. Tenancies are structured under short-term modified gross leases, offering lease rollover flexibility for future re-tenanting, lease restructuring, or an owner-user plan. The site is zoned M-1 Industrial.
Key Highlights
- Approximately 9,000 SF across two buildings measuring approximately 5,000 SF and 4,000 SF
- 1.64‑acre property in Conyers, Georgia
- Six industrial/service units occupied by four local tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,068
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,321,360
$1.3M
Cap Rate 7%
$943,829
$943.8K
Cap Rate 9%
$734,089
$734.1K
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.3K $9.48/SF
− Vacancy
−$7.6K −$0.84/SF
EGI
$77.7K $8.64/SF
− OpEx
−$11.7K −$1.30/SF
NOI
$66.1K $7.34/SF
Area
Rockdale County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,321,360
Cap Rate 7%
$943,829
Cap Rate 9%
$734,089
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,588 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$943.8K
$825.9K – $1.10M
NOI $66,068 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,904 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30094, GA
33,745
Population
12,606
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
94%
High-School Grad
39.3 sq mi
ZIP Area
859
Density / Sq Mi
$87,619
Median Household Income
$42,633
Median Earnings
$1,610
Median Rent
$266,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Goodyear Auto Service — 1840 GA-20, Conyers, GA 30013
- Tire Discounters — 1860 GA-20, Conyers, GA 30013
- Roadside East Mobile Tire Service — 865 Flat Shoals Rd SE, Conyers, GA 30094
- Express Oil Change & Tire Engineers — 1725 Hwy 138 SE, Conyers, GA 30013
- Cambio de aceite y filtro — 1725 Hwy 138 SE, Conyers, GA 30013
Frequently Asked Questions
What type of property is this?
Auto shop - Two industrial buildings contain six service units serving automotive body, repair, and related service operations.
Where is this auto shop located?
The property is located at 874 Davis Drive Southeast Conyers, GA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Approximately 9,000 SF across two buildings measuring approximately 5,000 SF and 4,000 SF; 1.64‑acre property in Conyers, Georgia; Six industrial/service units occupied by four local tenants
